Friday, March 29, 2013

APRIL 17, 1837- BIRTH OF JP MORGAN, US FINANCIER AND BANKER

1837- BIRTH OF JP MORGAN, US FINANCIER AND BANKER
John Pierpont Morgan dominated corporate finance and industrial
consolidation during his time. His empire consisted of banks but also
hundreds of other corporations via interlocking corporate directors and
financial investments. The “House of Morgan” was also one of the key
players in organizing politically and backing financially the campaign
to pass the Federal Reserve Act in 1913, creating the largely private
Federal Reserve system.